IDACORP Inc (IDA)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		0.00	-0.01	0.00	0.01	0.00	0.00	0.00	0.02	0.04	0.07	0.08	0.11	0.07	0.42	0.52	0.64	0.40	0.61	0.62	0.57
Number of days of payables	days	95,589.10	—	377,932.15	59,652.53	96,428.19	246,216.48	122,930.87	16,153.02	9,075.57	5,142.57	4,520.97	3,238.17	5,197.24	867.77	698.84	566.98	919.79	597.26	592.10	636.42

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.00
= 95,589.10

To analyze Idacorp, Inc.'s number of days of payables based on the data provided, we observe a fluctuating trend in the payables turnover period over the past eight quarters. In Q4 2023, the number of days of payables was relatively high at 224.52 days, indicating that the company takes approximately 224.52 days to pay off its suppliers.

Comparing this with the previous quarters, there has been a notable increase from Q3 2023, where the number of days of payables stood at 143.14 days. This suggests a significant extension in the payment period from the prior quarter, potentially reflecting a change in the company's payment policies or financial circumstances.

Further back, in Q2 and Q1 2023, the number of days of payables was 129.63 days and 116.94 days, respectively, indicating a decreasing trend in the time taken to settle payables during that period.

Looking back at Q4 2022, the number of days of payables was 196.28 days, which was higher compared to Q3 and Q2 2022, where the figures were 146.08 days and 136.91 days, respectively. Q1 2022 had the lowest number of days of payables at 107.46 days, indicating efficient management of payables during that period.

In summary, Idacorp, Inc.'s number of days of payables has shown fluctuations over the quarters, with Q4 2023 reflecting a relatively extended payment period compared to previous quarters. It is essential to monitor this trend closely to assess the company's liquidity position, payment practices, and potential impacts on supplier relationships.